Report Update Nov 1, 2024

Peru - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Lifting Equipment Market 2024

Lifting Equipment Market Size in Peru

In 2021, the Peruvian lifting equipment market increased by 180% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption posted a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lifting Equipment Exports

Exports from Peru

In 2021, after two years of decline, there was significant growth in shipments abroad of lifting equipment, when their volume increased by 56% to X units. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 220% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, lifting equipment exports surged to $X in 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,188% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), Chile (X units) and Ecuador (X units) were the main destinations of lifting equipment exports from Peru, with a combined 93% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +22.0%), while the other leaders experienced mixed trend patterns.

In value terms, Chile ($X) emerged as the key foreign market for lifting equipment exports from Peru, comprising 61% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 24% share of total exports. It was followed by Ecuador, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile totaled +55.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+35.9% per year) and Ecuador (+41.9% per year).

Export Prices by Country

In 2021, the average lifting equipment export price amounted to $X per unit, growing by 14% against the previous year. Overall, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 406% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Lifting Equipment Imports

Imports into Peru

In 2021, supplies from abroad of lifting equipment increased by 212% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lifting equipment imports skyrocketed to $X in 2021. Overall, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest lifting equipment supplier to Peru, accounting for a 83% share of total imports. Moreover, lifting equipment imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. Portugal (X units) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +44.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.5% per year) and Portugal (+20.9% per year).

In value terms, China ($X), Italy ($X) and Spain ($X) appeared to be the largest lifting equipment suppliers to Peru, with a combined 48% share of total imports.

Among the main suppliers, Spain, with a CAGR of +39.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lifting equipment import price stood at $X per unit in 2021, which is down by -31.7% against the previous year. In general, the import price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 an increase of 90%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lifting equipment in the world?

The countries with the highest volumes of lifting equipment consumption in 2020 were China, the United States and India, together comprising 35% of global consumption. Italy, Japan, Germany, Brazil, Russia, Pakistan, Bangladesh, Indonesia, France and Ethiopia lagged somewhat behind, together comprising a further 33%.

What are the largest producers of lifting equipment in the world?

The country with the largest volume of lifting equipment production was China, comprising approx. 21% of total volume. Moreover, lifting equipment production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 7.1% share.

What are the leading suppliers of lifting equipment to Peru?

In value terms, Germany, Spain and Italy constituted the largest lifting equipment suppliers to Peru, with a combined 75% share of total imports.

What are the leading importers of lifting equipment from Peru?

In value terms, Chile emerged as the key foreign market for lifting equipment exports from Peru, comprising 96% of total exports. The second position in the ranking was occupied by the United States, with a 3.8% share of total exports.

What is the average export price for lifting equipment in Peru?

The average lifting equipment export price stood at $5,005 per unit in 2020, reducing by -63.8% against the previous year.

What is the average import price for lifting equipment in Peru?

In 2020, the average lifting equipment import price amounted to $4,342 per unit, surging by 123% against the previous year.

This report provides an in-depth analysis of the lifting equipment market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023